The month of May is not just the time the annual Cannes Film Festival will be held as well as the Monaco F1 Grand Prix, this month also holds a few surprises for video gamers and enthusiasts. Also when the broad strokes of future technology are nailed by us, we usually misgauge society’s reactions. Technological innovations improved companies’ sales, services, shorted lead time on receiving and delivering goods and services. In the recent times, Artificial Intelligence and Machine Learning have taken the entire world by storm with its amazing inventions and innovative technologies.
That’s why tech companies are spending millions to grab the market share. It is true that technology these days must be viewed in terms of the changes brought into the existing communication systems through the computer. Some of the other future technology that could be just around the corner is flying cars.
You won’t get any disagreement here on that reality, nevertheless it seems as if the word “innovation” is perhaps one of the most overused words in the English language currently, perhaps other than “unsustainable” which by the way, some things which may appear to be unsustainable or dire problems we believe we face today, but may very well be solved with the technology of the future.
Even if the underdeveloped countries manage to present a good product to the market, without the information technology and internet, they would have a hard time searching for clients or distributors, thus increasing their costs to the point of unattractiveness of their product (Stephenson, 93).
Then there is the issue currently where more and more people are making mobile payments on their mobile personal tech devices. Small business will have the same access to products, resources and infrastructure abilities that only larger companies have had in the past.